GREY:KXLAF - Post by User
Post by
MELLOW88on Sep 12, 2012 7:03am
367 Views
Post# 20350933
Gold now UP$12 so far..Euro UP...US$ down
Gold now UP$12 so far..Euro UP...US$ down Gold has gained $12 ocerseas tonite, after stalling for a week awaiting EU Court decision on ECB plan.. the Euro rises and the US$ falls on news that the German Court has upheld the ECB's stablelisation Fund, which will make the Euro more stable, as they now can access the bond markets, to purchse EU bonds and thus lower rates, to relieve someof the pressure on poorer countries in the EU as well as diminish the threat of EURO break up...
The US$ Fed is also expected soon to move to stimulate US$ Economy...This of course is excellent news for Gold and the metals, which are all UP so far today...A rising Gold price , as well as expectations of much higher Gold prices, will boost all the Gold stocks to move much higher...
Mellow